Eazzy Loan by Equity Bank Kenya is a digital lending solution aimed at providing quick, convenient cash for qualifying customers. You can borrow from as little as KSh 100 up to KSh 3,000,000, and the money is disbursed instantly to your Equity account. The loan offers both one-month and flexible monthly instalment repayment plans, with tenures extending up to 24 months. Eligibility requires an active Equity account for the last six months and an active Equitel SIM or EazzyApp, with consistent income flow.

How to Apply: Step by Step

• Log in to your Equitel menu or EazzyApp.
• Select “My Money” then “Loans”, followed by “Get Loan”.
• Choose the loan type and your account.
• Enter the amount you wish to borrow.
• Confirm the details and enter your PIN to finalize.

Pros of Eazzy Loan

The Eazzy Loan stands out for its convenience. There is no need for guarantors, paperwork, or branch visits, making it highly accessible. Instant disbursement means you receive funds right into your account or mobile wallet as soon as you qualify and apply, which is especially useful in emergencies.

The application can be completed via mobile, and loan terms stretch up to 24 months, giving flexibility in repayment planning. The wide loan limits cater to both small emergencies and larger needs.

Cons of Eazzy Loan

The main downside is you must have an Equity account active for six months, which excludes new customers. The interest rates and fees are not prominently displayed upfront—they require checking the bank’s tariff guide, possibly disappointing users looking for transparency.

Also, channeling regular income through Equity is mandatory to qualify, so it isn’t suited for those who don’t already bank or earn with Equity.

Our Verdict

Overall, Eazzy Loan offers a straightforward, fast option for anyone banking with Equity who needs instant cash. The no-paperwork, no-guarantor policy and seamless mobile application are major assets.

However, if you’re new to Equity or your income is irregular, other lenders may offer more suitable alternatives with fewer account requirements. Eazzy Loan works best for those already loyal to the Equity ecosystem.